SOL Capital Management CO Has $3.03 Million Stock Holdings in iShares Preferred and Income Securities ETF (NASDAQ:PFF)

SOL Capital Management CO increased its holdings in shares of iShares Preferred and Income Securities ETF (NASDAQ:PFF) by 1.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 96,235 shares of the company’s stock after acquiring an additional 1,430 shares during the period. SOL Capital Management CO’s holdings in iShares Preferred and Income Securities ETF were worth $3,026,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Interstate Bank raised its holdings in iShares Preferred and Income Securities ETF by 0.6% in the third quarter. First Interstate Bank now owns 1,651,210 shares of the company’s stock worth $54,870,000 after purchasing an additional 10,148 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of iShares Preferred and Income Securities ETF by 6.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 1,555,758 shares of the company’s stock worth $48,913,000 after buying an additional 90,356 shares in the last quarter. JPMorgan Chase & Co. raised its position in iShares Preferred and Income Securities ETF by 51.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,453,930 shares of the company’s stock valued at $48,314,000 after buying an additional 491,005 shares during the last quarter. Hilton Capital Management LLC lifted its stake in iShares Preferred and Income Securities ETF by 19.9% in the 3rd quarter. Hilton Capital Management LLC now owns 1,444,743 shares of the company’s stock valued at $48,009,000 after acquiring an additional 239,661 shares in the last quarter. Finally, Greenleaf Trust boosted its position in iShares Preferred and Income Securities ETF by 4.4% during the 3rd quarter. Greenleaf Trust now owns 1,034,411 shares of the company’s stock worth $34,373,000 after acquiring an additional 43,619 shares during the last quarter. 4.70% of the stock is currently owned by institutional investors and hedge funds.

iShares Preferred and Income Securities ETF Trading Up 0.6 %

Shares of PFF opened at $32.10 on Friday. The stock has a market capitalization of $14.86 billion, a price-to-earnings ratio of 3.91 and a beta of 0.51. The firm has a fifty day simple moving average of $31.98 and a 200 day simple moving average of $32.36. iShares Preferred and Income Securities ETF has a 12 month low of $30.56 and a 12 month high of $33.59.

iShares Preferred and Income Securities ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were issued a dividend of $0.1767 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 6.60%. The ex-dividend date of this dividend was Wednesday, December 18th. This is a boost from iShares Preferred and Income Securities ETF’s previous monthly dividend of $0.17.

iShares Preferred and Income Securities ETF Profile

iShares U.S. Preferred Stock ETF (the Fund) is an exchange-traded fund. The Fund seeks investment results, which correspond to the price and yield performance, before fees and expenses, of the S&P U.S. Preferred Stock Index (the Underlying Index). The Underlying Index measures the performance of a select group of preferred stocks listed on the New York Stock Exchange (NYSE), NYSE Arca, Inc (NYSE Arca), NYSE Amex, NASDAQ Global Select Market, NASDAQ Select Market or NASDAQ Capital Market.